The most popular ways to consume marijuana are smoking‚ vaping‚ dabbing and eating cannabis edibles. Smoking cannabis involves numerous and adverse health risks. Vaping is the better and healthier option. Below is a discussion on why vaped CBD is healthier than smoked: Before discussing why vaping is preferred to smoking cannabis‚ it is important to understand the active compounds in cannabis and how they work: An overview of CBD and THC Cannabidiol‚ CBD is an active compound in marijuana. It
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ECS1501 MICROECONOMICS AND MACROECONOMICS – |MICROECONOMICS |MACROECONOMICS | |The price of a single product |The consumer price index | |Changes in the price of a single product |Inflation | |The production of a product
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INTRODUCTION PART CHAPTER Getting Started CHAPTER 1 1 CHECKLIST When you have completed your study of this chapter‚ you will be able to 1 Define economics‚ distinguish between microeconomics and macroeconomics‚ and explain the questions of microeconomics. 2 Describe the work of economists as social scientists. 3 Explain five core ideas that define the economic way of thinking. 4 Explain why economics is worth studying. You are studying microeconomics
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same. [3 marks] [TOTAL: 8 MARKS] Question 2 a. “As the price of oranges rises‚ the demand for oranges falls‚ ceteris paribus.” Explain. [3 marks] Answer: Ceteris paribus – all others thing equal The effect of one of economic variable on another‚ if all other variables remain same. In this case‚ changes in price resulted in changes of quantity demand. As the price rise‚ people will buy
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ANTH 100: Introduction to Cultural Anthropology Instructor: Dr. Anne J. Goldberg Student: Florencia Aguirre September 19th‚ 2012 Katherine A. Dettwyler - Dancing Skeletons: Life and death in West Africa (1994) Review In 1995‚ Dancing Skeletons was given the Margaret Mead Award by the American Anthropological Association. It is presented to anthropologists whose work was able to interpret “anthropological data and principles in ways that make them meaningful and accessible to a broadly
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News Article Analysis Topic: Demand and Supply Headline: Used- car shortage looms as curbs bite Source: The Strait Times Date: 25th May 2013 Summary Supply of used-cars has decreased from 7000 to 2400 because MAS (Monetary Authority of Singapore) lifted loan curbs on these vehicles for 60 days. Moreover‚ suppliers are unable to increase supply of used cars since owners are not selling due to future loan restrictions. Under the old scheme‚ car buyers can borrow up to 100 percent of the purchase
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Managerial Economics Numerical Problems DEMAND AND ELASTICITY OF DEMAND Problem 1 The following are demand and supply equations of a pen manufacturer. Qd = 5‚00‚000 – 50‚ 000 P Qs = -1‚00‚000 + 1‚00‚000 P Find 1. At what average price‚ level of demand is equal to zero. 2. At what average price‚ level of supply is equal to zero. 3. Calculate the equilibrium price and quantity. Problem 2 Yashika Limited manufactures an automatic camera that currently sells at uS$90. Sales
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more efficiently * Lesson 1.02: Economic Basics * 3 basic economic questions * What goods will be produced? * How will resources be used in the production process? * Who will receive the goods? * Ceteris paribus= all other things being equal * Command economy- government makes all economic decisions about how the factors of production are used * No incentive to take risks b/c government controls economy * Market economy- forces
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PRACTICE 1: LIMITS‚ CHOICES‚ AND ALTERNATIVES Student: ___________________________________________________________________________ 1. Economics may best be defined as the: A. interaction between macro and micro considerations. B. social science concerned with how individuals‚ institutions‚ and society make optimal choices under conditions of scarcity. C. empirical testing of value judgments through the use of logic. D. use of policy to refute facts and hypotheses
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The naturalistic was fallacy was first argued by Moore in his 1903 paper Principia Ethica. Philosopher G.E. Moore argued that it is a mistake to try and define the concept of ‘good’ in terms of some natural properties such as ‘pleasant’ or ‘desirable.’ This mistake is called the naturalistic fallacy. In this fallacy Moore states that anyone who says that something is good based on any part of that things natural property is committing the naturalistic fallacy. To further explain it can be believed
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